Tuesday, December 25, 2012

HUL head & shoulder pattern.. support level 514

Hindustan Uniliver head & shoulder pattern..
stock has major support on its 514 level (horizontal line).. if 540 level (50 dma) is broken upside then we can initiate buying in this stock. let the stock break this level. above 540 targets are 555, 570, 585.
on the contrary, below 514 stock can move down to 490 level...